Committee for a Responsible Federal Budget

Press Releases |

Feb 15, 2022 | Taxes

Gas Tax Holiday Would Take A Wrong Turn

The White House and some in Congress are reportedly considering suspending the 18.3 cent federal gas tax for the remainder of 2022. The...
Feb 8, 2022 | Budget Process

Third CR Emblematic of Broken Budget Process

The House of Representatives just passed a continuing resolution (CR) funding the government at last fiscal year’s funding levels for an additional...
Feb 8, 2022 | Budgets & Projections

CBO Reports $259 Billion Deficit for First 4 Months of Fiscal Year

The United States borrowed $259 billion in the first four months of fiscal year 2022, with a $119 billion surplus in January, according to the...
Feb 3, 2022 | Other Spending

COMPETES Act is Missing a Score and Offsets

The House of Representatives is set to vote on the America COMPETES Act of 2022 soon, which is its version of the Senate-passed United States...
Feb 2, 2022 | Budgets & Projections

A Smaller Reconciliation Bill Should Retain Offsets

Policymakers are currently considering if and how to develop new legislation, in place of the House Build Back Better Act, under the...
Jan 11, 2022 | Other Spending

New COVID Wave Does Not Justify Further Borrowing

As the Omicron variant of COVID-19 continues to spread through the United States, press reports suggest policymakers are considering...
Jan 10, 2022 | Budgets & Projections

U.S. Borrowed $2.6 Trillion in Calendar Year 2021

The United States borrowed nearly $2.6 trillion in calendar year 2021, including $20 billion in December, according to the latest...
Dec 16, 2021 | Budget Process

Statement on $2.5 Trillion Debt Ceiling Increase

Today, President Biden signed into law a $2.5 trillion increase in the ceiling on federal debt. This increase will raise the total debt ceiling to $...
Dec 10, 2021 | Budgets & Projections

CBO Analysis Highlights Risk of Arbitrary Expirations

The House-passed Build Back Better Act incorporates numerous arbitrary sunsets in order to hold down its costs. Today, the Congressional Budget...
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December Sequester Suspension Misses the Mark

For Immediate Release Congress is considering legislation that will cancel the PAYGO sequester for 2022, extend temporary COVID-era Medicare payment...